Modacom Co., Ltd. (KOSDAQ:A149940) announces a share repurchase program. Under the program, the company will repurchase up to KRW 500 million worth of shares under the contract with NH Investment & Securities Co., Ltd. The purpose behind the program is to improve the corporation image and to stabilize the company's share price. The repurchase program will continue until February 26, 2016.

As of August 25, 2015, the company has no treasury shares within scope available for dividend and no treasury stock through other buyback.